Royal Orchid Hotels Limited Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2015
August 08, 2015 at 06:34 am EDT
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Royal Orchid Hotels Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported income from operations of INR 186.501 million, profit from operations before other income, finance costs and exceptional items of INR 3.561 million, profit from ordinary activities before tax of INR 3.858 million and net profit after taxes, minority interest and share of associates of INR 3.858 million or INR 0.14 per diluted share (not annualized) compared to income from operations of INR 204.022 million, profit from operations before other income, finance costs and exceptional items of INR 8.300 million, profit from ordinary activities before tax of INR 7.311 million and net profit after taxes, minority interest and share of associates of INR 7.311 million or INR 0.27 per diluted share (not annualized) reported in the same period last year.
For the quarter, the company reported income from operations of INR 344.067 million, profit from operations before other income, finance costs and exceptional items of INR 0.042 million, loss from ordinary activities before tax of INR 42.836 million and net loss after taxes, minority interest and share of associates of INR 33.336 million or INR 1.22 per diluted share (not annualized) compared to income from operations of INR 354.489 million, loss from operations before other income, finance costs and exceptional items of INR 35.443 million, loss from ordinary activities before tax of INR 132.779 million and net loss after taxes, minority interest and share of associates of INR 123.439 million or INR 4.53 per diluted share (not annualized) reported in the same period last year.
Royal Orchid Hotels Limited is an India-based company, which is engaged in the business of operating and managing hotels/ resorts and providing related services, through its portfolio of hotel properties across the country. Its hotels include Regenta Central Antarim, Regenta Inn Ranip, Regenta Central, Hotel Royal Orchid, Royal Orchid Central, Royal Orchid Resort & Convention Centre, Regenta Resort Vanya Mahal, Regenta Central Deccan, Regenta Resort Mashobra, Regenta Central Hestia, Regenta Orkos and others. The Company operates hotels in Ahmedabad, Amritsar, Bangalore, Bharuch, Bhuj, Chandigarh, Chennai, Goa, Gurgaon, Hampi, Haridwar, Jaipur, Kolkata, Udaipur and others. The Companyâs products include rooms and food and beverage services. The Company has approximately 95 plus hotels, 5700 plus guest rooms, and 160 plus restaurants and bars. It also provides business hotels, wildlife tourism, leisure hotels, wedding destinations, religious destinations, and historic destinations.